Coinmachine Laundry -- WDRY Message Board

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Non-Tech : Coinmachine Laundry -- WDRY

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To: Bill Wexler who wrote (30)	2/15/1998 10:44:00 AM
From: Cosmo Daisey	of 116

Dr. Bill, Sophisticated investors can see through the bad news and read this excerpt from WDRY financials. Increasing revenue and machine upgrades will lead to profitability. Maybe not soon but eventually. ""Revenues improved by approximately $31.9 million or 65% to $80.6 million for the current quarter and by approximately $87.2 million or 61% to $230.4 million for the first nine months of fiscal 1998 as compared to the prior year's corresponding periods. During the first nine months of fiscal 1998, the Company spent approximately $27.2 million in renewal capital expenditures for the installed machine base as leases were renewed and existing locations upgraded. In addition, the Company spent approximately $17.8 million in capital expenditures for internally generated growth. The Company also spent approximately $66.3 million for acquisitions and related costs primarily, the Reliable Laundry and National Coin acquisitions."" Dr. Daisey

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